Results 1 to 2 of 2

Math Help - max profit & max revenue

  1. #1
    Newbie
    Joined
    May 2009
    Posts
    11

    max profit & max revenue

    Sue's Submarines has found that the monthly ddemand for their submarines is given by p(x)= 60000-5x ALL OVER 10000, and the cost of making x submarines is C(x)=3000+1.2x . Find the maximum profit and maximum revenue measured in dollars. Explain their significance.

    Could you help me out on this question please?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor Calculus26's Avatar
    Joined
    Mar 2009
    From
    Florida
    Posts
    1,271
    p(x) = 6 - .0005x

    The Revenue R(x) = xp(x) = 6x - .0005*x^2

    Thr Profit is P(x) = R(x) - C(x) = 6x - .0005*x^2 - 3000 - 1.2x

    P(x) = 4.8x -.0005x^2 -3000

    Both the max profit and max revenue can be found by setting the respective derivatives equal to 0.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Total cost, revenue, profit
    Posted in the Calculus Forum
    Replies: 2
    Last Post: October 28th 2010, 05:28 AM
  2. revenue/profit maximization
    Posted in the Algebra Forum
    Replies: 1
    Last Post: July 13th 2010, 08:23 AM
  3. Help again, largest revenue and weekly profit
    Posted in the Calculus Forum
    Replies: 1
    Last Post: December 7th 2009, 06:19 PM
  4. Econometrics: MR, Revenue, profit.
    Posted in the Business Math Forum
    Replies: 1
    Last Post: September 2nd 2009, 04:33 PM
  5. revenue/profit problem
    Posted in the Business Math Forum
    Replies: 1
    Last Post: May 5th 2008, 01:18 AM

Search Tags


/mathhelpforum @mathhelpforum